Mitt Romney told his top donors Wednesday that his loss to President Obama was a disappointing result that neither he nor his top aides had expected, but said he believed his team ran a “superb” campaign with “no drama,” and attributed his rival’s victory to “the gifts” the administration had given to blacks, Hispanics and young voters during Obama’s first term.

Obama, Romney argued, had been “very generous” to blacks, Hispanics and young voters. He cited as motivating factors to young voters the administration’s plan for partial forgiveness of college loan interest and the extension of health coverage for students on their parents’ insurance plans well into their 20s. Free contraception coverage under Obama’s healthcare plan, he added, gave an extra incentive to college-age women to back the president.

Romney argued that Obama’s healthcare plan’s promise of coverage “in perpetuity” was “highly motivational” to those voters making $25,000 to $35,000 who might not have been covered, as well as to African American and Hispanic voters. Pivoting to immigration, Romney said the Obama campaign’s efforts to paint him as “anti-immigrant” had been effective and that the administration’s promise to offer what he called “amnesty” to the children of illegal immigrants had helped turn out Hispanic voters in record numbers.